16 Feb '17, 3pm

90 Percent of Altcoins Won't Survive But Bitcoin Is Sustainable - CoinTelegraph

90 Percent of Altcoins Won't Survive But Bitcoin Is Sustainable - CoinTelegraph

Altcoins are springing up on a daily basis, you might have noticed that they appear pretty regularly in the lists of CoinMarketCap. However, Ethereum Classic's Charles Hoskinson predicts that as much as 90 percent of altcoin will probably die out in the near future. Speaking to Cointelegraph about the sustainability of cryptocurrencies, Hoskinson, who was with Ethereum before crossing the carpet to ETC, outlined what makes a digital currency thick . "As for most cryptocurrencies, I agree completely they will likely die out," Hoskinson related. "As 90 percent of businesses usually fail in the first few years, there is no reason to believe that coins are any different." Treasury Mechanic system To ensure sustainability of cryptocurrency he is convinced Treasury Mechanic measures should be explored and taken seriously: "I think all cryptocurrencies should strongly consider a ...

Full article: https://cointelegraph.com/news/90-percent-of-altcoins-won...

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